The energy crisis is a global problem, so it makes sense for us to seek a global solution.

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Far better for Mr Obama to seek a multilateral solution while focusing on rebalancing at home.

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In this sense, there is now urgency for both sides to seek a negotiated solution.

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And the irony is, is that Russia -- particularly in the cases of North Korea and Iran -- have worked very well with the international community to isolate those two regimes and to seek a diplomatic solution to hold those two regimes accountable for living up to their international obligations.

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The counter view is that sooner or later, though probably later if at all, the two sides will reach exhaustion and will seek a solution, the outlines of which have been apparent for years - land for peace.

BBC: Analysis: Mid-East conference hopes